540 N Milwaukee Ave | Prospect Heights, IL 60070
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- LoopNet Team
540 N Milwaukee Ave
Prospect Heights, IL 60070
Motel 6 Prospect Heights, IL · Hospitality Property For Sale
·
50,400 SF
Investment Highlights
- Revenue: $1.41M (2019), $1.03M (2020 – Covid Impact), $1.44 (2021), $1.78M (2022), $1.81M (T12 March 2023)
- ADR: $45 (2019), $40 (2020), $46 (2021), $52 (2022)
- Online Google Reviews: 3.8 (895 Reviews)
- Occupancy: 70%, (2019), 57% (2020), 69% (2021), 76% (2022)
- Operating Income (EBITAD): $524K (2019), $254K (2020), $490K (2021), $723K (2022)
- Broker Co-Op Available. Lender Financing Available for qualified buyers
Property Facts
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1987/2019 |
| Building Class | C | Parking Ratio | 2.38/1,000 SF |
| Lot Size | 1.99 AC | Corridor | Interior |
| Building Size | 50,400 SF | ||
| Zoning | B-2 - Prospect Heights. Adjacent truck parking lot (separate parcel) is not included in this sale. | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.99 AC |
| Building Size | 50,400 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1987/2019 |
| Parking Ratio | 2.38/1,000 SF |
| Corridor | Interior |
| Zoning | B-2 - Prospect Heights. Adjacent truck parking lot (separate parcel) is not included in this sale. |
Amenities
- Business Center
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Property Taxes
| Parcel Numbers | Improvements Assessment | $856,846 | |
| Land Assessment | $324,705 | Total Assessment | $1,181,551 |
Property Taxes
Parcel Numbers
Land Assessment
$324,705
Improvements Assessment
$856,846
Total Assessment
$1,181,551
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